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COMPANIES (TRANSITIONAL PROVISIONS) ACT 1981 No. 91 of 1981 - SECT 29
Recognized companies under corresponding laws
29.(1) Section 501 of the Companies Act 1981 applies in relation to a company
that, immediately before the commencement of that Act, had a place of business
or carried on business in a State or Territory that is a participating State
or participating Territory as if the company had established a place of
business or commenced to carry on business, as the case may be, in that State
or Territory at the commencement of that Act.
(2) Where a company had, before the commencement of the Companies Act 1981,
lodged under the provision of a law of a State or Territory that is a
participating State or participating Territory that corresponds with
sub-section 346(1) or 347(1) of the Companies Ordinance 1962 a notice or
notices that specified the days and hours during which the registered office
of the company in that State or Territory was open and accessible to the
public, the company shall, for the purposes of sub-section 502 (2) of the
Companies Act 1981, be deemed to have lodged a notice under sub-section 501
(2) in relation to that State or Territory.
(3) Where, immediately before the commencement of the Companies Act 1981, a
company maintained a branch register in a State or Territory that is a
participating State or participating Territory in accordance with the
provision of the law of that State or Territory that corresponded with section
354 of the Companies Ordinance 1962, that register shall be deemed to be a
branch register of the company kept under section 262 of the Companies Act
1981 and section 262 applies in relation to that register as if it had been
established, and as if the office where it is kept had been opened, on the
date of commencement of that Act.
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